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World Bank assure India for $5.2 bn loan
Posted: 04 Apr 2009 01:17 PM PDT
London, April 4: Assured a greater say into the affairs of multilateral lending
institutions, India will seek additional assistance of $5.2 billion from the
World Bank for its financial sector and infrastructure projects, officials
said. The main component of this assistance is for recapitalisation of
state-owned commercial banks over the next two to three years, [...]
OECD eye on $11 trillion illegal money
Posted: 04 Apr 2009 12:33 PM PDT
LONDON: OECD (Organisation for Economic Cooperation and Development) a group of
rich countries said that according to its estimates, $11 trillion is parked in
tax havens, which is more than 10 times the total committed by the G-20 leaders
to revive the global economy. It named four countries Philippines, Costa Rica,
Malaysia and Uruguay as non-cooperative [...]
India will help IMF with $20 bn
Posted: 04 Apr 2009 12:02 PM PDT
LONDON : India is open to the idea of contributing a total of around $20
billion roughly Rs 100,000 crore towards increasing the capital base of the
IMF, the World Bank and the Asian Development Bank (ADB) as part of the global
effort to enable these institution to lend more. The contribution, which is
likely [...]
Market Weekly Update : 04-04-2009
Posted: 04 Apr 2009 11:21 AM PDT
Trading Ideas Equities Weekly Update : On a good recovery worldwide, indices of
Indian market made a substantial gain on weekly basis. The 30-share index,
Sensex gained 300.34 points, or 2.98%, to 10,348.83 in the week ended Apr. 02,
2009. On the other hand, the broad based NSE Nifty rose 102.40 points, or
3.29%, to [...]
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